Wheaton Arts and Cultural Center Inc

Analysis

Wheaton Arts and Cultural Center Inc is a registered charity in United States, based in Millville, NJ. It received its IRS tax-exemption ruling in December 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wheaton Arts and Cultural Center Inc reported income of $2.9m and spending of $2.7m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $2.9m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wheaton Arts and Cultural Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Senior Friendship Centers Foundation Inc ($2.9m), Nashville Electrical Jatc ($2.9m) and Food for Kids Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $287k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.4m against liabilities of $2.0m, net assets of $4.4m. It reported 53 employees.